Capital Region is home to high-priced palaces

With upstate regions riding the waves of a changing economy, the Capital Region, specifically suburban Albany, is home to some of upstate’s highest-valued homes.

Buffalo Business First is out with its database of cities and towns with the most high-end (valued at $250,000 or more) homes, and to four of the top five, including the top two, belong to the Capital Region. That data comes from the U.S. Census Bureau.

Colonie comes in at No. 1, with 8,592 of its 23,130 housing units labeled high-end. That’s more than 1,700 more units than second-ranked Clifton Park, which boasts 6,877 homes worth $250,000 or more. After Amherst in Erie County, Bethlehem and Guilderland come in at four and five with 5,928 and 4,817 of the high-valued dwellings, respectively.

In the top 10 is Saratoga Srpings, with more than half of the homes in the city worth $250,000 or more.

Despite a steady decline in population since the 1950s (there has been a bit of a resurgence since 2000) and property tax rates that have plagued city homeowners, Albany still ranks 16th upstate with 2,852 high-end homes. Both Buffalo, where a renaissance feeling is palpable, and Rochester rank higher.

All the misinformation in the world cant make me believe the economy is better. new construction is where its at out of the city then that will collapes too when they cant resell to move BECASUE THERE ARE NO JOBS